FEDERAL SAVINGS BANK
AND STATE DEBTS. By Tel«erarjh-"Prer,j Aennoiatloa-Copyriglrt Sydney,. May 16.' Under the agreement reached by the Conforonco of State Treasurers, fc introduce legislation to abolish -the Federal Savings Bank, the Commonwealth Bank surrenders its savings banks Inisiness, and the States (undertake to transact, their current banking accounts with tho Commonwealth- Bank, thus ending the previous eempEtition between tho i\u stitutions. Queensland stands out for the present, owing to sm..agreement with tlic Queensland National' Rank; and Tasmania also stands -out, because competition between tho Oo.mm-omvea.H-h and tho State banks did not exist. Tho conference discussed the question of tho Commonwealth taking over the State debts, hut failed to' reach an agreement.
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Dominion, Volume 7, Issue 2151, 18 May 1914, Page 5
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112FEDERAL SAVINGS BANK Dominion, Volume 7, Issue 2151, 18 May 1914, Page 5
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